Each and every moment I try to
figure out which other individual investor could outperform Warren Buffett, it is actually inexorably hard. Born in 1930 in Omaha, USA,
you will be surprised that by 2015, his net worth has accumulated up to 66.7
billion US dollars. With complete
ownership in almost 65 private companies and having invested in about 27 public
companies, this gives you a distinct picture of the kind of investor he is!
For an investor like Warren Edward
Buffett it dawns on me that other prominent investors will have to “pull their
socks up” in order to initiate competitive tactics.
This ingenious, amazing and popular
philanthropic investor is actually the best investor in the world. His
simplicity and unassuming character makes the Berkshire Hathaway owner to
attract a multitude of individuals behind him each moment he issues a
press statement or even during his Annual General Meetings(as shown in the picture below on the right)
Interestingly, according to Forbes
report, about 25% of the readers would actually prefer Warren Buffett as the
president of the United States. Most of them based actually based their
decision on his cognitive thinking approach and his promptness in approaching
different types of situation (especially in investment), resulting to something
that indeed increases the overall performance. He acts and gives out a decisive
informed judgment and this is what other investors have reaffirmed to be one of
the greatest strength of Warren Buffet that translates to his tremendous
success.
You will be shocked to discover
that, for instance, if an individual with a sober and visionary mind could have
invested $5000 in 1969 to Berkshire Hathaway after its formation from
termination of partnership that Buffet had engaged in mid 1950s, that person as per
now would be worth close to 140 million
US dollars! Actually this is true
because Warren Buffett started with only $100,000 US dollar, and has built an
investment worth $42 billion US dollars. This is indeed incredible and deserves
an accolade!
But what does Warren Buffett say
about his success? He simply states that price is what you pay for you to
actually obtain the value. He stresses on investing in business that is
quality-defined rather than checking only on the stock signs and symbols. This
is because the stocks may be faced with fluctuations from interest rates and inflation
that may affect their performance. But if the business does well, the stock
will also follow.
My point of conclusion derives its
path from one of Warren Buffet’s quotes stating, “It’s better to hang out with
people better than you. Pick out associates whose behavior is better than yours
and you will drift in that direction” Also note that “predicting the rain
doesn’t count. Building the ark counts!”
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